Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

Tower Bridge in London

The United Kingdom Exits the European Union

I’ve avoided speaking about the Brexit situation because I ultimately believe that it is not my place to tell British citizens how their country should be run even though I am a stakeholder in their success. While there are what I could consider extraordinarily high probabilities that the decision to leave the European Union will lead to lower GDP, the fact remains that GDP isn’t everything. Money, and the economy, exists to serve a civilization.

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Portfolio of Stocks and Bonds

1,821,745 Households in the United States Have Investment Portfolios Worth $3,000,000 or More

You may already know the Census Bureau data shows there are 115,610,216 households in the United States and, that, as per the Federal Reserve data, roughly 1 out of every 5 of these households earns $100,000 or more per year; that 1 out of every 25 of them has a net worth of $1,000,000 or more. What about substantial wealth excluding houses, cars, furniture, jewelry … actual investment portfolios stuffed with cash, stocks, bonds, mutual funds, real estate investment trusts, master limited partnerships, tax-lien certificates, or any of the other numerous securities one can own to compound capital?

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QVC Moon Planet or Star Debate

Watch QVC Hosts Debate Whether the Moon is a Planet or Star (and a Lesson on Basic Economics)

If you need something to brighten up your day (or make you feel despondent depending on how you look at it), this is living proof that all you have to do to be successful in life is give people what they want at a price that is higher than the cost it takes you to deliver it to them, with sufficient margins for risk, capital tie-up, and opportunity cost.  You can literally fail 3rd grade science and, if you satisfy a want, make six, seven, or even eight figures a year.  The system we have now forgives a lot of shortcomings if you prove useful in other areas.

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JP Morgan Benefits of Saving Early

The Power of Compounding, Student Loan Debt, Communism, and Stealth Wealth

A friend of mine, a nuclear engineer, once explained that he doesn’t bother to contribute to forums or message boards when the topic of nuclear energy is brought up anymore because people are irrational about it, interested in their own confirmation bias rather than learning or having an honest discussion.  Almost everyone I know working in…

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Measure the Right Things in Life

Make Sure You Measure the Right Things in Life

[mainbodyad] With all of the talk of gas prices falling, I’m reminded of the situation a couple of years ago when fuel costs were on an upward trajectory.  Everyone from the little old ladies at church to major economic commentators were lamenting the “record high” energy expenses.  Very few people noticed that, as per the U.S. Energy Information…

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EBT Card

Should Government Benefits Be Tied to Behavior and Decisions?

I don’t talk about it very often, but one of the charitable organizations close to my heart are community food banks and soup kitchens.  These non-profits collect groceries for those who can’t afford to feed themselves or their children, allowing them to avoid hunger.  They resonate with something very deep in my core, maybe because I…

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Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory